steel prices

Tata, Essar Steel Taking Measures to Improve Forecasts

by Sohrab Darabshaw on May 23, 2012

Style:    Category: Company News, Ferrous Metals, Supply & Demand

Keywords: , , , ,

Although JSW Steel reported historically high production numbers, they’re not without their troubles, while Tata Steel reported a huge profit decrease recently. So what exactly are the drivers for Indian steelmakers’ current woes? Tata Steel Chief Financial Officer Koushik Chatterjee told reporters that the high raw material cost and volume impact had negatively impacted domestic [...]

{ 0 comments }

Falling Iron Ore, Coal Prices: The Start of a Steel Market Collapse?

by Stuart Burns on May 23, 2012

Style:    Category: Commodities, Ferrous Metals, Global Trade, Macroeconomics, Supply & Demand

Keywords: , , , , , ,

All the signs suggest the steel market, particularly the steel market outside of North America, has further to fall. In Asia, the FT reports the benchmark 62% Fe iron ore contract fell this week in Singapore to $133.25 a ton, the lowest since early November 2011, while thermal coal prices in the Australian port of [...]

{ 0 comments }

Some Cheer, Some Bad News From India’s Steel Sector

by Sohrab Darabshaw on May 23, 2012

Style:    Category: Company News, Ferrous Metals, Public Policy

Keywords: , , , ,

Sohrab Darabshaw contributes an Indian perspective on industrial metals markets to MetalMiner. Players in the Indian steel sector continue to paint an optimistic picture in the medium-term, despite some recent negative developments in the steel industry. They are also looking at new avenues for selling steel, domestically and internationally. On the other hand, investors and industry experts continue [...]

{ 0 comments }

Steel Price Roundup: Chinese Slab Down

by MetalMiner IndX Reports on May 22, 2012

Style:    Category: Ferrous Metals, Metal Prices, MetalMiner IndX

Keywords: , , ,

The price of Chinese slab closed May 21, 2012 with a 2.1 percent drift, halting its three-day flat run. After a couple of days of decreasing prices, the price of Chinese HRC held steady, between $650 and $675 per metric ton.

{ 0 comments }

Daily Steel Roundup: Billet 3-Month Price Switches Direction

by MetalMiner IndX Reports on May 21, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

Keywords: , , , , ,

Following two days of increases on the LME, the steel billet 3-month price dropped by 6.4 percent to end last week at $440 per metric ton. Weakening prices followed two days of improvement as the cash price of steel billet dropped six percent on the LME to $429 per metric ton. Chinese steel prices, however, [...]

{ 0 comments }

Mining Controversies, Lopsided Policies Hurting India Steel Industry

by Sohrab Darabshaw on May 21, 2012

Style:    Category: Ferrous Metals, Global Trade

Keywords: , , ,

MetalMiner welcomes guest contributor Sohrab Darabsha, who covers industrial metals markets from an Indian perspective. While China has already managed to install excess steelmaking capacity, India is struggling to meet its internal demand, which is set to grow by about 8 percent in 2012. There are many reasons for India’s inability to meet its own [...]

{ 1 comment }

Automotive MMI®: LME Spot Copper Drops 4.7% For Week

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals

Keywords: , , , , ,

After drifting 4.7 percent on the LME, the price of primary cash copper dropped to $7,710 per metric ton making it the biggest mover on the Automotive MMI® this week.

{ 0 comments }

Steel Roundup: 3-Month Billet Price Rises Again

by MetalMiner IndX Reports on May 18, 2012

Style:    Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX

Keywords: , , , ,

With a 2.2 percent increase over the past day, the 3-month price of LME steel billet was the biggest mover on our steel price index, closing at $470 per metric ton on May 17, 2012. Also on the LME, the cash price of steel billet rose 0.6 percent to $456 per metric ton.

{ 0 comments }

← Previous Entries